FIDELITY EMRG MRKT MULTIFACT (FDEM) Technical Analysis
NYSEARCA:FDEM • US3160925430
Taking everything into account, FDEM scores 5 out of 10 in our technical rating. FDEM was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month FDEM has a been trading in the 31.64 - 35.50 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, FDEM did better than 76% of all other stocks. On top of that, FDEM also shows a nice and consistent pattern of rising prices.
- FDEM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FDEM is performing more or less in line with the market.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
FDEM has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
23.73
We found 4 important support areas.
- A support zone ranging from 31.51 to 31.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 30.57 to 30.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @29.79 from a horizontal line in the daily time frame.
- Support @23.97 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 32.68 to 33.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.82 to 35.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FDEM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FDEM is down. |
| ChartMill Relative Strength | 76.01 | POSITIVE | FDEM has a high relative strength, it outperformed 76.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FDEM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of FDEM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FDEM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.34 | NEUTRAL | The RSI value for FDEM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests FDEM has a negative trend. |
| Stochastics (14,3) | 19.86 | OVERSOLD | The low Stochastics value suggests FDEM may be oversold. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for FDEM suggests some volalility. |
| Average Directional Index/ADX (14) | 32.22 | POSITIVE | The high ADX value value for FDEM suggests a strong trend. |
FDEM Technicals: Chart, Performance Metrics, Trend & Indicators
31.81
-0.91 (-2.78%)
FIDELITY EMRG MRKT MULTIFACT / FDEM FAQ
Can you provide the ChartMill technical rating for FIDELITY EMRG MRKT MULTIFACT?
ChartMill assigns a technical rating of 5 / 10 to FDEM.
What is the trend direction for FDEM stock?
The current trend direction for FIDELITY EMRG MRKT MULTIFACT (FDEM) is Bullish.
What is the RSI signal for FIDELITY EMRG MRKT MULTIFACT (FDEM) stock?
FIDELITY EMRG MRKT MULTIFACT (FDEM) has an RSI value of 34.3387. This indicates that the stock is currently neutral.
What is the short term momentum for FIDELITY EMRG MRKT MULTIFACT (FDEM) stock?
The short term momentum for FIDELITY EMRG MRKT MULTIFACT (FDEM) is negative.
What are the support and resistance levels for FIDELITY EMRG MRKT MULTIFACT (FDEM) stock?
FIDELITY EMRG MRKT MULTIFACT (FDEM) has a support level at 31.8 and a resistance level at 32.68. Check the full technical report for our detailed analysis of FDEM support and resistance levels.